The Defense Acquisition Program Administration noted that it is continuing defense cooperation with Poland without any issues, leading to a rebound in the stock prices of Hyundai Rotem and Hanwha Aerospace.
Hyundai Rotem's stock closed at 54,100 won in the KOSPI market on the 9th, declining 1.64% (900 won) from the previous day. However, it fell to 50,800 won in early trading before showing a recovery trend.
Hanwha Aerospace also saw its stock price, which had dropped to 363,000 won in early trading that day, rise to a closing price of 392,000 won. This represented a 2.35% (9,000 won) increase compared to the previous day's close.
Both stocks were shaken following a report from a media outlet the previous day that quoted military and defense industry officials, stating that the Polish government had indefinitely postponed visits to South Korea due to martial law, consequently disrupting defense exports.
However, the Defense Acquisition Program Administration refuted the report, stating that the K2 tank, K9 self-propelled howitzer, and Cheonmu multiple launch rocket system are all proceeding with export contracts sequentially according to the Polish government's introduction plan.
The administration also said there had been no discussions or plans for Polish leaders or major officials to visit South Korea for arms export contracts either before or after the martial law incident on Dec. 3.
The Defense Acquisition Program Administration emphasized, "The defense cooperation and defense exports between South Korea and Poland are proceeding normally, and recent officials from both governments have reaffirmed their commitment to continued cooperation regardless of domestic political situations," adding, "We will strive to enhance defense exports."